Ludhiana firms save Rs 5 crore under CII project

By the end of this cluster which will be completed by July 2014, the member companies will be able to save approximately Rs 9 crore.

Ludhiana-based companies saved a total of Rs 5 crore under the ongoing CII Ludhiana Cluster Project. The Cluster project was launched in July 2013 and seven companies joined hands to form a ‘Cluster for Competitiveness.’ The objective of the cluster was to learn and share with each other under the guidance of experts from CII Avantha Centre for Competitiveness for SME’s.

Ravinder Kumar, principal counselor, CII Avantha Centre for Competitiveness for SME’s said that in the last eight months, the members were able to enhance their manufacturing capabilities, improve their product quality and manpower management. By the end of this cluster which will be completed by July 2014, the member companies will be able to save approximately Rs 9 crore.

Kumar also briefed about the key features and services provided by CII Avantha Centre for Competitiveness. He said, “The avantha centre is a one stop shop for SME development, established in 2004.”

Sanjeev Pahwa, chairman, CII Punjab State Council said, “In today’s world the Indian industry is facing severe competition from international organisations due to liberalisation and opening up of the market. To face this global competition and to grow in this competitive scenario, the industry has to be cost competitive and should be innovative, as this will help the organisations to grow.”